Daily Market Update 8/3/12

Rates move higher Friday following the release of the July Employment Report.  The economy added 163,000 jobs last month, far more than expected.  The Unemployment Rate edged higher, however, to 8.3%.  Stocks rallied on the report, hurting mortgage-backed securities.  No other key data will be released today.

Leave a Reply

Your email address will not be published.

Back to top